uh so in the private side of things or at least the Bangalore whatever people who watch with wealth YouTube channel right they would be thinking about what humani looks like yes is that a thought on the Public Services side here you could you know people have these fancy Excel sheets saying you need to make some 20 22 CR do you even think about this like we do think about it and uh in terms of financial insecurity I would say you know I think family family there's a medical emergency and I need a huge amount of
money or tomorrow lets your kid gets admitted to a very prestigious school and you can't afford the fees because with this salary you can't and in fact I know a officer who got admitted to Harvard but she couldn't afford the fees so she she just dropped it so those are the things I think so then um to question your choices like I told you he needs foreign foreign [Music] yearly spend I think if I only go to very fundamental needs in Bangalore with the with the lifestyle which we are living I think but that 25x
is not enough no if you just consider let's say um I don't think that is enough to like have a comfortable life in Bangalore assuming that you are going to live up to 80 years and the thing is your your this needs now some of these assets assuming assuming up assets so I am saying that I am struggling to figure out what is that number number for me because just like everybody else my lifestyle my definition of need slash want keeps on changing by the way this number I have found is very common in Bangalore
so you are talking then you are talking about 80 lakh rupees annual Sprint no no not spec because people like if you look at a decent two three bhk in Bangalore Society four percent of Corpus is what you can spend without thinking if you are not burning the Corpus child education but uh what I'm making is your needs or like what you think is your lifestyle is also influenced by uh people around you right uh so we call it relative poverty right huh uh shares can you describe the timeline of your income right like so
ey then prep I passed out in 2015 from college at the time I got like seven eight kind of a package CTC then after first increment I was around 11 12 then I did preparation for two years so that was no earning and like burning my savings and after that the regular the basic salary 56 100 but in hand what I'm getting right now is uh comparable to what was I getting in UI after my first increment no no like you want to walk us through your timeline yeah so uh through placement I got a
CTC of around 16 lakhs then I was transferred to the Houston office Houston there the TTC I would say was about 150 000 uh salary plus the apartment and a vehicle and then that would be about once year yeah okay like after deductions Less in hand the taxes and other things and then of course I also started preparing so it was Zero income for about two years and then I started again at 56 100. today I stand at the basic salary of 59 500. my current salary my first job was at McKenzie in Dubai office
where it started with 35 lakh rupees in Dubai and then when I decided to come back to India for six months I was at zero because I was just living on my savings to start my first company then I started drawing 6 lakh rupee salary from my first startup then I shut down then again zero for six seven months second startup I drew a 15 lakh salary um because I was married by then till then it was acquired by an academy and then I went to the market level salary but then again for the last
eight to nine months I am on zero because I have left it for two work on my what is this Market level number I mean I uh Market level numbers I cannot disclose but it is above 50. I got out of IMB I was drawing I think 35k a month I was at 35k for until the first liquidity like when we sold them then uh I got married so again Excel there was nothing because second business I think we were drawing something like 12 lakhs for 18 months then that got back we hired there I
was this ballpark number that you're talking about there was nothing then when we started I started 50k and by that time I was married now it is like 40ish yeah but this is still like I think 60 off market like my some of my friends who graduated from IMA IMB sorry they are in that 1890 the lifestyle inflation is much more on the private side though right so far for us it is very difficult like when I come to Bangalore I go out with people so I would like spend five to ten percent of my
salary in just one day yeah it's expensive it's very expensive when you like come out when you are there is it fair to say most of your like basic salary is like kind of savings because most of Lifestyle expenses so my mom actually grew up in collector's Buffalo like you know I mean of course there is some perception of power and like you know this seems like a more stable job but when both of you have worked in so sort of private markets so what was the motivation to sort of uh move to a public
sector Bangalore me like you might be going in a BMW or take traffic police [Music] is start demanding random money yeah landlord foreign [Laughter] so that's the biggest job security we have attention I would like to add on that point what lavish was saying is that once you are an officer there is a Prestige without any condition in entrepreneurship there is glory to the successful people I know personally you would know personally so many Founders who nobody knows about but they are still struggling struggling struggling right and if they go to a typical litmus test
in society or in in front of their family they will not get the same level of prestige which maybe an officer will get but what is the drop of let's say three years out after like you know actually getting it yes when there is social Prestige to it [Laughter] between civil services and a startup is stability or predictability we have kind of a set career path yes salaries rules I've came you don't even know what happens six months down the line so like what are your goals for the like Parts yeah and there was this
property which was nice you know it was within my budget but position was I think 2026 or something like that I don't know like you know whether I'll be able to afford this Emi or whether I'll be in Bangalore what are the biggest insecurities you face currently in your life so uh basically around two years ago my grandfather during covet phase two so he was sick and admitted take them proper lockdown I couldn't go and see him and he passed away um [Music] so your Kidder is fixed is it it is kind of fixed yeah
so we have to serve wherever we are allotted to throughout our life insecurity I feel is fear-based decisions death foreign it's not that because again right like you don't know okay so driver ambition Yes Yes Energy I mean your life circumstances change I have a kid now I mean when I got married I like you know wife approach to my decisions were very different yeah yeah you start to feel key life is more about these small movements that happiness rather than company I think for me my insecurity is whether I will be able to go
10x from here so the insecurity is what if I don't get 10x from here I know when I if I get 10x from here the I will have still the same insecurity how will I get 10x from here exactly exactly so uh you're saying that I draw this much salary I'll draw that much but there are always esops equity when you like get an exit so you get a huge chunk of money so like how those things work out and Casey financial decisions so I'll tell you the basic math out of 100 startups more than
90 do not work out so right from the beginning you are against the probability but it's it's a risk reward equation so as a Founder most of your Financial outcome is logged in terms of equity relying on an assumption that hey if this works out it will mathematically solve for me because then it will be 100x you only need to be right to work once exactly but the probability of that once is one percent like that how do you invest your money right like so if whatever is left largely savings uh what are your preferred
modes of investment so mutual funds sovereign yeah so I think of it as I have generally invest in those instruments which can be which can get liquid instantly because I think of the money as my startups investment Capital so most of the money is in mutual funds which can be redeemed overnight some of the money is I think in fds almost 80 90 is in mutual funds understood for me a lot is actually in fds which is uh financially not a sound reason yeah but now I'm thinking about real estate uh also because I have
a kid now so yeah you need one stable stability yes to make sure school schedule is not uh okay uh what's a drawback of your profession people don't realize generally because in the when you are in the field Social Circle is limited because um you generally try and hang out with other officers other people social life so you don't have friends or people to hang out with second I think is uh privacy for example foreign [Laughter] out of at the end of which there might not be any recognition yes so a lot of entrepreneurs are
like overnight successes after being at it for 10 years exactly is that I think people don't realize the toll uh it takes on your mental health everything times your relationship your family your relations it's not an entry game right like in some way they have to really work hard to make it through and then they have a much more predictable path I mean of course there is some variability also for us entry is simple exit is difficult difficult for them entry is the difficult part Okay cool so we are done [Applause]
